The Threshold you need to cross!
When you are on hive and you want to progress there is a very important threshold that stands in your way. It's the threshold that prevents you from earning curation rewards.
I don't know whether you are aware of it but we have a new amazing tool at our disposition. It is Hivestats.io by the makers of leofinance.
Thanks to this tool, I managed to compare the curation rewards of several accounts quite precisely. I checked the curation rewards of the last 30 days and compared it with the Hive Power of the account. This allowed me to draw the graph below. It shows the evolution of the return of curation rewards according to the size of the account. Here the different accounts that I have analysed:
| Account size | Curation rewards of last 30 days | ROI for 1 Year |
|---|---|---|
| 220 HP | 2.41 Hive | 13.14% |
| 130 HP | 1.29 Hive | 11.9% |
| 20 HP | 0.01 Hive | 0.6% |
| 30 HP | 0.04 Hive | 1.6% |
| 1100 HP | 12.46 Hive | 13.6% |
| 6739 HP | 87.75 Hive | 15.6% |
The graph shows that the curation rewards are almost non existant for accounts below 100 HP. This is quite true because I remember very well that when I reached 100 HP, I started to see some small rewards from curation.
We can also read form here that once this threshold is crossed, the return on investment is between 11 and 16% which is quite amazing. Among these accounts the return can fluctuate because of time of voting and many other factors but I think it's safe to say that you can count with 11% ROI with curation rewards. The amazing part is that these curation rewards are paid daily so that you can add the compound interests effect.
Another important point is that the bigger your account, the more you effectively earn from curation. The biggest account made 87.75 Hive in one month just from curation! This is around 3 Hive per day. Imagine if you have an account with 50'000 HP (orca status). You would make around 460 Hive per month just from curation (at 11% return)!
If you want to grow on Hive, the first step is to reach the threshold of 100 Hive so that you can start to earn curation rewards. From there your account will grow faster and faster.
Set your goals! Take part in the #myhivegoals challenge (check out the initial post)
Here are my Hive goals that I set on june 4th 2020
| Token | Number of staked tokens today | Percentage reached | Target Number |
|---|---|---|---|
| Hive Power | 3135 | 62% | 5000 |
| CTP Tokens | 5027 | 50% | 10000 |
| Tron | 2186 | 43% | 5000 |
Here the standings as per today june 10th 2020
| Token | Number of staked tokens today | Percentage reached | Target Number |
|---|---|---|---|
| Hive Power | 3258 | 65% | 5000 |
| CTP Tokens | 6177 | 61% | 10000 |
| Tron | 2260 | 45% | 5000 |
Let's conect on Hive, Lbry or on Publish0x
My free e-mail course: The 100'000 satoshis a week strategy
